Summit Peak allocates 60% to established GPs and 10% to new GPs
Apurva Mehta · 20VC: Why Entrepreneurs Care Less About Firm Brand at Seed, How LPs Should Think About GP Commit & How The World of LPs and Fundraising Will Change Post COVID with Apurva Mehta, Managing Partner @ Summit Peak Investments · Aug 17, 2020 · at 15:53
Apurva Mehta, Managing Partner at Summit Peak Investments, details the asset allocation breakdown used across Summit Peak's venture funds.
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“We allocate 60% of our capital to early stage GPs, and these are people that we've now been backing since 2012, and they are now on their second, third, fourth, or fifth vintage, you know, of their own life cycle. So 60% of the portfolio is for that. 10% is reserved for new GPs. So in our fund one, we backed four new GPs. In our fund two, we have backed one new GP, and new GP just, it means either they're new to us, they could be on their fund one, or they could be on their fund five, but they're just new to us. So we reserve that portion of our capital for those new GPs, and then 30% of our capital is reserved for co-investments.”
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